WTO director raises concerns over US tariff threats

The World Trade Organization (WTO) Chief, Dr. Ngozi Okonjo-Iweala on Friday March 7, 2025, urged the America’s global trading partners to listen to U.S. concerns about tariffs, and seek for a constructive dialogue to address trade concern, rather than resorting to retaliatory measures.

According to media source, she made this know in a meeting held in its headquarters in Geneva, Switzerland, urging the trade partners not to panic, as efforts are been made to dialogue the threat.

Recall that, in February 13, 2025, President Mr. Donald Trump signed a memorandum calling for “fair and reciprocal” trade tariffs .

The memo directs Howard Lutnick, the US Secretary General of commerce to evaluate trade remedies within 180 days for reciprocal relations.

This new development involves, all major U.S. trading partners, including long time allies.

Okonjo-Iweala, in her speech reminds the group the need to be determined, while describing the threats as a “disruptions.”

In her words she said: “I think we need to listen to the United States and listen to what their concerns are, and say, ‘how can we also help them deal with their concerns,”

“Thirty years ago, when this system was put in place, the U.S. bound its tariffs at a rate that was quite low, maybe around 2.5%, to benefit its population and the outside world. And it has benefitted.” “Now the U.S. is saying this doesn’t work for me anymore.”

While addressing her concerns, Okonjo-Iweala said that, trade remains unaffected by political changes in Washington, and prefers dialogue to retaliation.

“Let’s remember that there is 80% of world trade going on among other members of the WTO.” “

They are trading among themselves according to the rules that exist.”

About World Trade Organisation (WTO)

The World Trade Organization (WTO) is an international organization that regulates and facilitates global trade between nations.

It is said to be established in January 1, 1995, with its headquarters in Geneva, Switzerland .

According to the WTO, this establishment replaced the General Agreement on Tariffs and Trade (GATT).

They currently has 164 member countries, which represent over 98% of world trade.

The organisation ensure that trade flows smoothly, predictably, and freely by enforcing trade agreements, resolving disputes, and fostering cooperation among member countries.

The WTO plays a crucial role in promoting fair and equitable trade practices, which can help boost economic growth and development worldwide.

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